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Show STOCKS PURSUE ERRATIC COURSE IN CURTAILED TRADING SHARE-I.IABKET r DIPS -AT CLOSE By ELMER C WAXZEB I'nitei Prwaa Flnauxaal Eititar NEW YORK, Not. IT Tha lightest light-est stock market trading line earl kit Wednesday and prices pursued an erratic course. Tha action was to contrast to North American wheat markita, which rallied 111-071(17110111 fluctuations fluctu-ations of S cents a bushsl appearing x in most markets on reports of frost da mags in tha Argentine. Other commodity markita war quiet while bonds followad tha sams coursa as stocks with a little) flrmmsa in tha U. & government division. Stocks opened aasy, advanced to gaini of mora than a point, and then fluctuated meanlngleasly, finally dipping near tha cloaw to ahow losses, mostly In a fractional area. . Traders Ctattcaja Trader remained an tha aidalinaa pending .somi . inHi..nn. -1 k.. congress may do. Their caution waa heightened by a number of weekly business reports which made the) Industrial showing discouraging. Tha magaalna Iron Ago reported steal production had dropped to IS par cant of capacity decline of points this weak with no new buying buy-ing apparent. Electric poWer production figure! were tha lightest since May and tha gain over year ago amounted to only 0.1 par cant, tha lightest year-to-year advance since 1B35. Gasoline in storage decreased .for tha first time in aeraral weeks, hut railroad earnings reports ware unfavorable un-favorable and additional labor outburst out-burst in automobile plants brought laaaened demand for such stocka. V. & Steel DecUnra U. 8. Steel, tha most active Issue, opened at 37 t-f for 1-3 loaa, dropped to a low of M 3-3, climbed to a high of S3 3-3, and near tha class was undsr 37 for almost a point loaa. Bethlehem maintained about a point advance. Chryiler dropped to a fractional loaa after showing a point tain, but General Motors waa aasy. Metal s haras ware weak at tha opening, but rallied and held fairly steady around tha provioua aloses aa reports cams of steadinaaa aa the London metal exchange. Chesapeake Ohio gained more than a potat on a favorable dividend action and maintained lie rise, hut other lead-era lead-era drifted lower. Utihtie were quiet with American Telephone off more than a point despite declare- , tion of the regular quarterly dividend divi-dend of 33.33 a share. |